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Michael Johnson
About | Practice Areas
Law Offices Of Michael H. Johnson, P.A.
3601 W. Commercial Blvd Suite 31 Fort Lauderdale, FL 33309» view map
Bankruptcy & Debt
Experienced Legal Guidance

I know how important getting out of debt can be, and I’m committed to providing innovative, effective solutions to help you have a brighter future.

800-773-6441
1. Michael Johnson Fort Lauderdale, FL
  Attorney at Law, FL
  Shepard Broad Law Center, J.D. 1998
2. AboutLaw Offices Of Michael H. Johnson, P.A.
  Experienced Legal Guidance
3. Practice AreasExpertise
  Bankruptcy & Debt
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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Mark R. Osherow

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Civil Rights, Bankruptcy, Construction, Contract, Intellectual Property

Mark R. Osherow is a Florida Bar Board Certified Specialist in Business Litigation with over 30 years of experience. He has practiced for most of thos... (more)

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CONTACT

561-257-0880

2101 N.W. Corporate Blvd., Boca Raton, FL 33431

Clayton B. Gordon

Business Organization, Wills & Probate, Real Estate, Bankruptcy

Status: In Good Standing

FREE CONSULTATION

CONTACT

50 South U.S. Highway One, Jupiter, FL 33477

L. Louis Mrachek

Class Action, Arbitration, Corporate, Bankruptcy

Status: In Good Standing

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505 S. Flagler Dr., West Palm Beach, FL 33401

Amanda H. Rapp

Bankruptcy, Corporate, Complex Litigation, Contract

Status: In Good Standing

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505 S. Flagler Dr., West Palm Beach, FL 33401

Lisa Daniels

Foreclosure, Bankruptcy, Collection

Status: In Good Standing

FREE CONSULTATION

CONTACT

2000 Glades Road, Boca Raton, FL 33431

Michael W. Ullman

Litigation, Corporate, Business Organization, Bankruptcy

Status: In Good Standing

CONTACT

7700 W. Camino Real, Boca Raton, FL 33433

Alan J. Fisher

Bankruptcy, Credit & Debt, Real Estate, Bankruptcy Litigation

Status: In Good Standing Licensed: 36 Years

FREE CONSULTATION

CONTACT

7000 W. Camino Real, Boca Raton, FL 33433

Jeffrey Steven Eannarino

Foreclosure, Family Law, Credit & Debt, Bankruptcy

Status: In Good Standing Licensed: 13 Years

CONTACT

500 S. Australian Ave, West Palm Beach, FL 33401

Robert Pellegrino

Employment, Credit & Debt, Bankruptcy, Bankruptcy & Debt

Status: In Good Standing

CONTACT

1615 S. Congress Avenue, Delray Beach, FL 33445

Eric Klein

Bankruptcy & Debt, Bankruptcy, Divorce & Family Law, Family Law

FREE CONSULTATION

CONTACT

4800 N Federal Hwy Bldg B Ste 307, Boca Raton, FL 33431

800-923-0641

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LEGAL TERMS

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

SECRET WARRANTY PROGRAM

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid... (more...)

A program under which a car manufacturer will make repairs for free on vehicles with persistent problems, even after the warranty has expired, in order to avoid a recall and the accompanying bad press. Secret warranties are rarely advertised by the manufacturer, so consumers must pursue the manufacturer to discover and take advantage of them. A few states require manufacturers to notify car buyers when they adopt secret warranty programs.

PRESUMED ABUSE

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means te... (more...)

In a Chapter 7 bankruptcy, when the debtor's current monthly income exceeds the family median income for his or her state and he or she cannot pass the means test, the court will presume that the debtor has sufficient income to fund a Chapter 13 plan. In this situation, the debtor will not be allowed to proceed with a Chapter 7 bankruptcy unless the debtor can prove that he or she is not abusing the Chapter 7 bankruptcy remedy.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

PREFERENCE

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commer... (more...)

A payment made by a debtor to a creditor within a defined period prior to filing for bankruptcy -- within three months for arms-length creditors (regular commercial creditors) and within one year for insider creditors (friends, family members, and business associates). Because a preference gives the creditor who received the payment an edge over other creditors in the bankruptcy case, the trustee can recover the preference (the amount of the payment) and distribute it among all of the creditors.

CREDITOR

A person or entity (such as a bank) to whom a debt is owed.

SOLE PROPRIETORSHIP

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, m... (more...)

A business owned and managed by one person (or for tax purposes, a husband and wife). For IRS purposes, a sole proprietor and her business are one tax entity, meaning that business profits are reported and taxed on the owner's personal tax return. Setting up a sole proprietorship is cheap and easy since no legal formation documents need be filed with any governmental agency (although tax registration and other permit and license requirements may still apply). Once you file a fictitious name statement (assuming you don't use your own name) and obtain any required basic tax permits and business licenses, you'll be in business. The main downside of a sole proprietorship is that its owner is personally liable for all business debts.

SECURED DEBT

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collater... (more...)

A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.

NONDISCHARGEABLE DEBTS

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chap... (more...)

Debts that cannot be erased by filing for bankruptcy. If you file for Chapter 7 bankruptcy, these debts will remain when your case is over. If you file for Chapter 13 bankruptcy, the nondischargeable debts will have to be paid in full during your plan or you will have a balance at the end of your case. Examples of nondischargeable debts include alimony and child support, most income tax debts, many student loans and debts for personal injury or death caused by drunk driving. Compare dischargeable debts.

SAMPLE LEGAL CASES

Roth v. Roth

... abused its discretion when it added a finding in the amended final judgment that its award of periodic payments to the Wife to satisfy the equitable distribution award was "in the nature of support" and that "same shall be non-dischargeable in any bankruptcy proceeding." This ...

The Florida Bar v. Head

... Clayton Hackney and Linda Hackney, a married couple, filed a petition for bankruptcy under chapter 13 of the Bankruptcy Code in an attempt to retain ownership of real property that was their primary asset. ... Head took over the bankruptcy case in August 2003. ...

Hirschenson v. Hirschenson

... She asserts the trial court erred in holding it had no authority under section 61.16, Florida Statutes (2007), to award attorney's fees for services rendered in bankruptcy court against her former husband when the purpose of the bankruptcy proceeding was to enforce awards of ...

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Palm Beach County, FL Bankruptcy Lawyers

Sponsored Law Firm

Law Offices Of Michael H. Johnson, P.A.

SPONSORED LAWYERS

Mark R. Osherow

Clayton B. Gordon

L. Louis Mrachek

Amanda H. Rapp

Lisa Daniels

Michael W. Ullman

Alan J. Fisher

Jeffrey Steven Eannarino

Robert Pellegrino

Eric Klein

TIPS

LEGAL TERMS

S CORPORATION

SECRET WARRANTY PROGRAM

PRESUMED ABUSE

LIQUIDATING PARTNER

PREFERENCE

CREDITOR

SOLE PROPRIETORSHIP

SECURED DEBT

NONDISCHARGEABLE DEBTS

SAMPLE LEGAL CASES

Roth v. Roth

The Florida Bar v. Head

Hirschenson v. Hirschenson

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